證券化和手套將阿波羅信用基金的令牌化版本帶到de​​fi

令牌化公司的證券化和分散融資（DEFI）專家Gauntlet計劃將阿波羅信用基金的令牌化版本帶到生態系統上。

DeFi is known for its innovative money-making potential, but most strategies revolve around stablecoins due to regulatory constraints on using other tokens. Now, Securitize and Gauntlet are introducing a leveraged-yield strategy offering on Polygon (CRYPTO: POLYGON) that combines the benefits of both worlds.

Defi以其創新的賺錢潛力而聞名，但由於使用其他令牌的監管限制，大多數策略都圍繞Stablecoins圍繞著Stablecoins而聞名。現在，Securitize和Gauntlet正在針對Polygon（Crypto：Polygon）提出槓桿收益策略，該策略結合了兩者的益處。

The two firms are unveiling Wednesday a new offering centered on the Apollo Diversified Credit Securitize Fund (ACRED), a tokenized feeder fund that debuted in January and invests in Apollo’s (NYSE:APOLLO) $1 billion Diversified Credit Fund. The strategy will run on Compound Blue, a lending protocol powered by Morpho,

這兩家公司週三揭幕了一項以阿波羅多元化信貸證券化基金（ACRED）為中心的新產品，該基金是一項令牌化的飼養基金，該基金於1月首次亮相，並投資於阿波羅（NYSE：Apollo）10億美元多元化的信貸基金。該策略將以Complue Blue（由Morpho驅動的貸款協議）運行，

The offering, called Levered RWA Strategy, will be first available on Polygon. It is expected to expand to the Ethereum mainnet and other blockchains after a pilot phase.

稱為槓桿RWA策略的產品將首先在Polygon上提供。預計在試點階段後，它將擴展到以太坊主網和其他區塊鏈。

"The idea behind the product is we want our securities to be plug and play competitive with stablecoin strategies writ large," Reid Simon, head of DeFi and credit solutions at Securitize, said in an interview with CoinDesk.

“產品背後的想法是，我們希望我們的證券能夠與Stablecoin策略進行競爭力，” Securitize的Defi和信用解決方案負責人Reid Simon在接受Coindesk的採訪時說。

The introduction comes as tokenized real-world assets (RWAs) — funds, bonds, credit products — are gaining traction among traditional finance giants. BlackRock (NYSE:BLK), HSBC (LON:HSBA) and Franklin Templeton (NYSE:AJLI) are among the firms exploring blockchain-based asset issuance and settlement. Tokenized U.S. Treasuries alone have pulled in over $6 billion, according to data from RWA.xyz.

引言是標記現實世界中的資產（RWAS）（資金，債券，信貸產品）在傳統的金融巨頭中獲得了吸引力。 BlackRock（NYSE：BLK），匯豐（LON：HSBA）和富蘭克林·鄧普頓（Franklin Templeton）（NYSE：AJLI）是探索基於區塊鏈的資產發行和和解的公司之一。根據RWA.xyz的數據，僅提供標記的美國國債就達到了60億美元。

While institutions are experimenting with tokenization, the next challenge is making these assets usable across DeFi applications. That includes enabling their use as collateral for loans, margin trading or building investment strategies not possible on legacy rails.

儘管機構正在實驗令牌化，但下一個挑戰是使這些資產可在Defi應用程序中使用。這包括使他們可以用作貸款的抵押品，在傳統鐵路上不可能實現保證金交易或建立投資策略。

The strategy employs a DeFi-native yield-optimization technique called "looping", in which ACRED tokens deposited into a vault are used as collateral to borrow USDC, which is then used to purchase more ACRED. The process repeats recursively to enhance yield, with exposure adjusted dynamically based on real-time borrowing and lending rates.

該策略採用一種稱為“循環”的定義產量優化技術，其中存放在保管庫中的代幣被用作借用USDC的抵押品，然後用來購買更多的授予。該過程遞歸重複以提高產量，並根據實時藉貸和貸款率動態調整暴露。

All trades are automated using smart contracts, reducing the need for manual oversight. Risk is actively managed by Gauntlet’s risk engine, which monitors leverage ratios and can unwind positions in volatile market conditions to protect users.

所有交易都是使用智能合約自動化的，從而減少了對手動監督的需求。風險由Gauntlet的風險引擎積極管理，該風險引擎可監視利用比率，並可以在動蕩的市場條件下放鬆身份以保護用戶。

"This is expected to deliver the institutional-grade DeFi that our industry has promised for years," Morpho CEO and cofounder Paul Frambot said. "This use case uniquely demonstrates how DeFi enables investors in funds like ACRED to access financial composability that is simply not possible on traditional rails.”

Morpho首席執行官兼聯合創始人Paul Frambot說：“這有望提供我們行業多年來承諾的機構級規定。” “此用例獨特地證明了Defi如何使投資者能夠獲得諸如Acred的資金，以訪問傳統鐵路上根本無法使用的財務合成性。”

The vault is also one of the first uses of Securitize’s new sToken tool, which allows accredited token holders to maintain compliance and investor protections within decentralized networks. In this case, ACRED investors first mint sACRED that they can use for broader DeFi strategies without breaking regulatory rules.

保險庫也是Securitize新的Stoken工具的首次用途之一，該工具允許獲得認可的令牌持有人在分散網絡中維護合規性和投資者保護。在這種情況下，尊敬的投資者首先是薄荷糖，他們可以將其用於更廣泛的違規策略而無需違反監管規則。

"This is a strong example of the institutional-grade DeFi we’ve been working to build: making tokenized securities not only accessible, but compelling to crypto-native investors seeking strategies that objectively outpace their traditional counterparts," Securitize CEO Carlos Domingo said in a statement.

證券化首席執行官卡洛斯·多明戈（Carlos Domingo）在一份聲明中說：“這是我們一直在努力構建的機構級規定的一個強烈例子：使令牌化證券不僅可以訪問，而且對加密本地投資者的要求，他們尋求客觀地超過其傳統同行的策略。”